Emily Plihal
Local Journalism
Initiative Reporter
Peace River town council received an update on property taxes collected to date at its regular meeting on Aug. 12.
Property taxes are assessed annually and collected from property owners to meet the financial needs of the town.
Total property taxes levied were $15, 789, 367 for the 2024 fiscal year, including Education Property Tax Requisition and Senior’s Housing Foundation Requisition.
“Council was updated on the property taxes as a regular update from administration detailing how much of the property taxes were collected by June 30 which is when they are due,” explains Mayor Elaine Manzer.
“Taxes can be paid over 12 months or as one payment on June 30. So, it is often convenient for people to pay monthly, and some mortgage holders facilitate this method as well.”
Of the total levied, approximately 93% have been collected or committed through the Tax Installment Payment Plan prior to the due date of June 30.
An additional $307,305 was received in July, bringing total collected up to 94.9%.
“From the briefing we received from administration, this seems to be normal,” Manzer notes.
“Some assessment changes will be accounted for in the next report as will some interest payments if taxes were unpaid or paid after the June 30 due date (if making a one-time payment).”
Eight assessment appeals were received prior to the appeal deadline of Aug. 5, potentially forcing adjustments to assessment values and potentially reducing property tax levies.
“Residents who do not pay their taxes, are notified, charged late penalties and encouraged to pay,” explains Manzer. “Residents can sign up for the monthly payment plans earlier in the year.”